Intercontinental Exchange Inc (ICE) : Chartwell Investment Partners scooped up 91,646 additional shares in Intercontinental Exchange Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 423,331 shares of Intercontinental Exchange Inc which is valued at $110.1 Million.Intercontinental Exchange Inc makes up approximately 2.15% of Chartwell Investment Partners’s portfolio.
Other Hedge Funds, Including , Cipher Capital Lp boosted its stake in ICE in the latest quarter, The investment management firm added 7,243 additional shares and now holds a total of 10,021 shares of Intercontinental Exchange Inc which is valued at $2.6 Million. Intercontinental Exchange Inc makes up approx 0.25% of Cipher Capital Lp’s portfolio.Hirtle Callaghan Co reduced its stake in ICE by selling 46 shares or 6.38% in the most recent quarter. The Hedge Fund company now holds 675 shares of ICE which is valued at $174,258. Intercontinental Exchange Inc makes up approx 0.03% of Hirtle Callaghan Co’s portfolio.Liberty Mutual Group Asset Management boosted its stake in ICE in the latest quarter, The investment management firm added 1,120 additional shares and now holds a total of 7,607 shares of Intercontinental Exchange Inc which is valued at $2 Million. Intercontinental Exchange Inc makes up approx 0.08% of Liberty Mutual Group Asset Management’s portfolio.Montag Caldwell reduced its stake in ICE by selling 19 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 4,561 shares of ICE which is valued at $1.2 Million. Intercontinental Exchange Inc makes up approx 0.02% of Montag Caldwell’s portfolio. Channing Capital Management added ICE to its portfolio by purchasing 28,601 company shares during the most recent quarter which is valued at $6.9 Million. Intercontinental Exchange Inc makes up approx 0.30% of Channing Capital Management’s portfolio.
Intercontinental Exchange Inc opened for trading at $260.66 and hit $263.1 on the upside on Monday, eventually ending the session at $261.61, with a gain of 0.62% or 1.62 points. The heightened volatility saw the trading volume jump to 7,18,476 shares. Company has a market cap of $31,144 M.
On the company’s financial health, Intercontinental Exchange Inc reported $3.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $3.66. The company had revenue of $1154.00 million for the quarter, compared to analysts expectations of $1157.01 million. The company’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS.
Investors should note that on May 4, 2016, Intercontinental Exchange Inc announced a cash dividend of $0.8500. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.
Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Intercontinental Exchange Inc was Resumed by Goldman to “Buy” on May 6, 2016. Argus Upgraded Intercontinental Exchange Inc on Feb 17, 2016 to ” Buy”, Price Target of the shares are set at $270.Company shares were Reiterated by Barclays on Feb 16, 2016 to “Overweight”, Firm has raised the Price Target to $ 287 from a previous price target of $286 .
Intercontinental Exchange Inc. (ICE) is a global operator of regulated exchanges clearing houses and data services for financial and commodity markets. The Company operates marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes including energy and agricultural commodities equities and equity derivatives among others. Its regulated exchanges include futures exchanges in the United States United Kingdom Canada Singapore and Europe three securities exchanges and two equity options exchanges. The Company also operates over-the-counter (OTC) markets for physical energy and credit default swaps (CDS). Its products and services include Regulated Energy Futures Contracts Regulated Agricultural Futures Contracts Regulated Financial Futures Contracts Securities Products and Listings Credit Derivatives Products OTC Energy Products ICE Data Services and New York Stock Exchange (NYSE) Data Services.